Meaning of the word "financial statement" in English

What does "financial statement" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

financial statement

US /faɪˈnæn.ʃəl ˈsteɪt.mənt/
UK /faɪˈnæn.ʃəl ˈsteɪt.mənt/
"financial statement" picture

Noun

1.

a formal record of the financial activities and position of a business, person, or other entity

Example:
The company's financial statement showed a significant profit increase.
Investors often review the financial statement before making decisions.
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